Bokf Na Trims Stake in Valero Energy Co. (NYSE:VLO)

BOKF NA reduced its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 88.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,393 shares of the oil and gas company's stock after selling 10,354 shares during the quarter. BOKF NA's holdings in Valero Energy were worth $177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VLO. Asset Management One Co. Ltd. increased its position in Valero Energy by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 123,356 shares of the oil and gas company's stock worth $14,751,000 after buying an additional 455 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Valero Energy in the fourth quarter worth about $1,226,000. Hudson Capital Management LLC increased its position in Valero Energy by 6.5% in the fourth quarter. Hudson Capital Management LLC now owns 31,792 shares of the oil and gas company's stock worth $3,897,000 after buying an additional 1,937 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in Valero Energy in the fourth quarter worth about $274,000. Finally, Patten Group Inc. purchased a new stake in Valero Energy in the fourth quarter worth about $277,000. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Down 0.5%

Shares of NYSE:VLO traded down $0.67 during trading on Wednesday, hitting $134.44. The company had a trading volume of 2,931,292 shares, compared to its average volume of 3,040,068. The stock has a market cap of $42.11 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. Valero Energy Co. has a one year low of $99.00 and a one year high of $167.78. The company has a fifty day simple moving average of $120.51 and a two-hundred day simple moving average of $128.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The company had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. During the same period in the previous year, the business earned $3.82 earnings per share. Valero Energy's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's dividend payout ratio is currently 159.72%.

Analysts Set New Price Targets

Several research firms recently issued reports on VLO. Morgan Stanley cut their target price on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Tudor Pickering upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. TD Cowen cut their target price on Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Piper Sandler cut their target price on Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Finally, Mizuho increased their target price on Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy has an average rating of "Moderate Buy" and a consensus price target of $151.93.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.